Category Archive: Finance, No picture
Gold May Face A Bumpier Road In 2025 But $3K Is Still In Sight
Image Source: Unsplash Gold looks to end 2024 with a stellar gain, currently up 27% year-to-date, matching the Nasdaq 100’s rise Headwinds for early 2025 include weaker currencies in China and India, strong bond yields and a resilient US dollar Gold’s appeal as a store of value, inflation and geopolitical tensions could eventually help push […]
BTC Report: MicroStrategy Acquires 5,262 More BTC, Holdings Now 439,000 BTC
Image Source: Pexels As Bitcoin (BITCOMP) continues to navigate a volatile market, recent developments highlight both challenges and opportunities within the cryptocurrency landscape. Major acquisitions, regulatory changes, and significant price fluctuations have influenced market movements.MicroStrategy (Nasdaq: MSTR) has cemented its position as “the” major Bitcoin holder, while the market faces headwinds following a large-scale sell-off. Meanwhile, Chainlink and […]
Don’t Let The Year-End Bearish Action Distract You
Image Source: Pixabay If the year-end bearish action is throwing you off, I have some advice, courtesy of my dad.While my brother and I were growing up, our dad often used analogies, anecdotes, and old sayings to get his point of across when teaching us valuable life lessons. One of my favorites is, “Keep your eyes […]
Durable Goods Orders Tumbled In November, But…
It was the best of times, it was the worst of times…The preliminary headline US durable goods order data for November shows a much worse than expected 1.1% MoM decline (-0.3% exp) which dragged orders down 6.3% YoY on fewer orders for commercial aircraft.Source: BloombergBut, orders placed with US factories for business equipment rebounded in November, posting the strongest monthly advance in over a […]
US Stocks Set To Top Asset Class Returns For 2024
Image Source: Pexels American shares are poised for another year of leading global markets by a hefty margin, based on a set of ETFs through Friday’s close (Dec. 20). Echoing results in 2023, US stocks in 2024 will likely take the performance crown with a red-hot gain for a second straight calendar year.With just days left in the […]
Federal Reserve Grinch Tries To Steal Christmas From Stock Market
The S&P 500 (Index: SPX) had a rough week just ahead of the Christmas and New Year holidays.The rough going was courtesy of the grinches at the Federal Reserve, who did their best to steal Christmas from investors by putting the kibosh on the prospects for more than two interest rate cuts in 2025. Since we […]
AUD/USD Consolidates Around 0.6250 As Focus Shifts To RBA Minutes
Image Source: Unsplash AUD/USD trades in a tight range around 0.6250 with RBA minutes taking centre stage. The RBA held its policy rates steady at 4.25% in the policy meeting on December 10. Investors shrug off soft US monthly PCE inflation data for November. The AUD/USD pair trades sideways around 0.6250 at the start of […]
USD/JPY Analysis: Path To 160.00 Peak Is Paved
The USD/JPY pair experienced another week of upward momentum, with gains extending to the resistance level of 157.92, the highest for the currency pair in five months. The week’s trading closed around 156.42 amidst strong bull control over the trend. The increasing strength of the US dollar may push the trend towards the psychological resistance […]
Trump’s Trade Wars Will Fail, Currency Wars Will Be Next
Trump will fail to increase exports with trade wars and tariffs. Currency wars will result.Trade weighted dollar index data from the Fed. Chart by Mish. On a trade-weighted basis, the US dollar is the strongest since the early- to mid-1980s.That’s because the US has the strongest economy in the world and high interest rates to […]
Cash Allocations Send An Ominous Signal
According to Bank of America, institutional fund managers are sitting on record low cash allocations as they increase their equity holdings. Bank of America believes this is a contrarian indicator warning that a decline could be nearing. Moreover, they report that 36% of the fund managers they evaluate are overweight stocks.Per a Bloomberg article on […]
